KARSAM EUROPE
ActiveKARSAM EUROPE has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €96k and a net result of €6k. Equity is growing by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 27% of 15868 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
53
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability39▼-11
Solvency34=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.09 against 1.09 in 2023; short-term debt: 91.2% and cash: 38.8% of total assets), and 91.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
57 d late
2023
239 d late
2022
225 d late
2021
58 d late
2020
34 d late
2019
83 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€96k▲ 6.9%
2023 · €90k
2018: €68k
2019: €68k
2020: €73k
2021: €81k
2022: €86k
2023: €90k
2018 → 2024
Total assets
€1.08M▲ 5.3%
2023 · €1.03M
2018: €381k
2019: €539k
2020: €848k
2021: €1.15M
2022: €1.37M
2023: €1.03M
2018 → 2024
Net result
€6k▲ 97.7%
2023 · €3k
2018: €-4k
2019: €-55
2020: €5k
2021: €8k
2022: €6k
2023: €3k
2018 → 2024
Working capital
€91k▲ 7.2%
2023 · €85k
2018: €62k
2019: €67k
2020: €65k
2021: €76k
2022: €83k
2023: €85k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€73k-€81k▲ 10.7%€86k▲ 7.0%€90k▲ 3.6%€96k▲ 6.9%
Operating result€13k-€15k▲ 19.9%€14k▼ 6.8%€13k▼ 10.0%€16k▲ 26.5%
Net result€5k-€8k▲ 61.0%€6k▼ 28.0%€3k▼ 44.7%€6k▲ 97.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 27% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.08M
Fixed assets
€5k=
Current assets
€1.08M▲ 5.3%
Equity and liabilities €1.08M
Equity
€96k▲ 6.9%
Debt
€986k▲ 5.1%
The debt ratio falls from 91.3% to 91.2%. Equity and debt are higher.
Key figures and ratios
Solvency
8.8%▲
2023 · 8.7%
Current ratio
1.09▲
2023 · 1.09
Quick ratio
0.97▼
2023 · 1.01
Debt / equity
10.30▼
2023 · 10.47
ROE
6.4%▲
2023 · 3.5%
ROA
0.6%▲
2023 · 0.3%
Debt
€986k▲
2023 · €938k
Debt ≤ 1 year
€986k▲
2023 · €938k
Income taxes
€6k▼
2023 · €6k
Staff costs
€19k▲
2023 · €18k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.03M€1.08M▲
Fixed assets21/28€5k€5k=
Tangible fixed assets22/27€4k€4k=
Plant, machinery and equipment23€2k€2k=
Furniture and vehicles24€3k€3k=
Financial fixed assets28€500€500=
Current assets29/58€1.02M€1.08M▲
Stocks and contracts in progress3€78k€119k▲
Stocks30/36€78k€119k▲
Amounts receivable within one year40/41€826k€539k▼
Trade receivables40€819k€539k▼
Other amounts receivable41€7k€390▼
Cash at bank and in hand54/58€119k€420k▲
Equity and liabilities
Total equity and liabilities10/49€1.03M€1.08M▲
Equity10/15€90k€96k▲
Contributions10/11€124k€124k=
Capital10€124k€124k=
Issued capital100€124k€124k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Tax-exempt reserves132€48€48=
Profit (loss) carried forward14€-36k€-30k▲
Amounts payable17/49€938k€986k▲
Amounts payable within one year42/48€938k€986k▲
Trade debts44€791k€847k▲
Suppliers440/4€791k€847k▲
Advances received on contracts in progress46€247-
Taxes, remuneration and social security45€12k€12k▲
Taxes450/3€8k€10k▲
Remuneration and social security454/9€4k€2k▼
Other amounts payable47/48€135k€127k▼
Income statement
Code20232024
Remuneration, social security and pensions62€18k€19k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k-
Other operating charges640/8€4k€3k▼
Non-recurring operating charges66A-€182
Gross operating margin9900€36k€38k▲
Operating profit (loss)9901€13k€16k▲
Financial income75/76B€443€725▲
Recurring financial income75€443€725▲
Financial charges65/66B€4k€5k▲
Recurring financial charges65€4k€5k▲
Profit (loss) for the period before taxes9903€9k€12k▲
Income taxes67/77€6k€6k▼
Profit (loss) for the period9904€3k€6k▲
Profit (loss) for the period to be appropriated9905€3k€6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-36k€-30k▲
Profit (loss) brought forward from the previous period14P€-39k€-36k▲
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
27-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 239 days late
2024
12-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 225 days late
2022
27-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 58 days late
2021
31-12
Financial
Highest result since 2018net €8k ▲61%
Net result €8k, the highest in the series.
03-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 34 days late
2020
31-12
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
22-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 83 days late
2019
28-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 89 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 23 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
19-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 19 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2017
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
30-06-2017
Resigned as Director
Location & real-estate footprint
Registered office, Anderlecht · 1 establishment unit since 1990
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Bollinckxstraat 131070 AnderlechtGround area
1,964 m²
Building footprint
1,891 m²
Volume, LiDAR
19,625 m³
Parcel 21306D0232/00X000, Brussels · tallest building 19.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
DICKSON
since 19902.048.992.564
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21306D0232/00X000 | Brussels | 1,964 m² | 1 · 1,891 m² | 19.2 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Wallonia-Brussels Federation
2023 to 2025 · 3 entries · 6,711 EUR in total| Year | Entries | paid |
|---|---|---|
| 2025 | 1 | 5,000 EUR |
| 2023 | 2 | 1,711 EUR |
Budget allocations
Dotation à WBI dans le cadre de la promotion internationale de_x000D_
Bruxelles
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AMUSEMENT RENT & SALE
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BETC
BE 0811.876.835
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Lietpak Belgium
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Balen · Eq €95k
Of 6,155 companies in sector 46190 we hold annual accounts for 2,570. 1,976 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-06-1990
Fiscal year end31-12
Activities, NACEBEL
46190Agents in non-specialised wholesale trade
46419Wholesale trade
46460Wholesale of pharmaceutical and medical goods
46900Non-specialised wholesale trade
47530Retail trade
47690Retail sale of other cultural and recreation goods
47722Retail trade
47787Retail trade
73200Market research and public opinion polling
74131
85592Vocational training
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.